A Study on the Role of Government Audit in Promoting the Growth of Central Enterprises

Qiu Xia; Ke Gao; Kai Wang

doi:doi:10.11648/j.jfa.20180605.14

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A Study on the Role of Government Audit in Promoting the Growth of Central Enterprises

Qiu Xia, Ke Gao, Kai Wang

Published in Journal of Finance and Accounting (Volume 6, Issue 5)

Received: 17 November 2018 Published: 6 December 2018

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Abstract

As the pillar of state-owned economy, the central enterprises undertake social responsibilities and political tasks different from other enterprises. In recent years, government audit organs have found through auditing that many problems existed in financial management and accounting, operating management, and the implementation of the spirit of the Eight Rules of Central Committee of the CPC and regulations on honest work in central enterprises. Therefore, consummating audit of central enterprises and strengthening supervision over state-owned enterprises and assets are of great importance to promoting central enterprises to deepen reforms, improve operating management, regulate the exercise of power, and enhance the quality and performance of development. Yet defining the role of government audit in the growth of central enterprises is a major prerequisite to complete audit of central enterprises. Through the study of historical changes of Chinese audit environment and present problems analyzing the government audit’s role, character evolution, the results can be drawn that the roles of government audit in promoting the development of the central enterprises are as follows: the supervisor of legal compliance, the discoverer of the problems and risks, and the role of promoting the central enterprises to perfect internal control, implement major national policy decisions. On that basis, some suggestions on how to play the above-mentioned roles are given.

Published in	Journal of Finance and Accounting (Volume 6, Issue 5)
DOI	10.11648/j.jfa.20180605.14
Page(s)	127-133
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2018. Published by Science Publishing Group

Keywords

Central Enterprises, Government Audit, Role, Role Evolution

References

[1]	Yang Tao (2013). On Role Definition of Government Audit. Money China (Academic Edition), 5, 229.
[2]	Xie Zhihua, Tao Yuxia (2013). On Role definition of Government Audit. Audit & Economy Research, 28 (02), 9-15.
[3]	Liu Liyun (2009). Role Definition of Government Audit in China. China Audit, 14, 41-43.
[4]	Zhang Weiwei (2014). Government Audit Under National Governance System: Role, Positioning and Development Strategy. Symposium on "Government Audit and National Governance" in Jiangsu province, 8.
[5]	Yao Airan (2006). Role Definition of Government Audit in Strengthening and Improving Macro-Control. Auditing Research, 5, 15-18.
[6]	Peng Peng (2002). Government role theory. China Social Science Press, 12, 229-256.
[7]	Liang Yu (2017). Research on improving the theoretical framework of government audit based on public accountability. National circulation economy, 2, 85-86.
[8]	Wang Mingzhu, Zhang Jie (2017). National audit of government governance effectiveness and implementation path. Industry and technology BBS, 22, 196-197.
[9]	Chen Weiyu, Wang Dan (2018). Research on the whole-process cooperation mechanism between national audit institutions and citizens -- based on the perspective of good governance of the country. Friends of accounting, 1, 146-149.
[10]	Zhou Jiqiu (2014). A Study of the Evolution of Functions of Government Audit in China. Contemporary Economics, 17, 64-65.
[11]	Chen Taihui (2008). A Study of Laws of the Evolution of Functions of Government Audit in China. Huazhong University of Science and Technology.

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APA Style

Qiu Xia, Ke Gao, Kai Wang. (2018). A Study on the Role of Government Audit in Promoting the Growth of Central Enterprises. Journal of Finance and Accounting, 6(5), 127-133. https://doi.org/10.11648/j.jfa.20180605.14

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ACS Style

Qiu Xia; Ke Gao; Kai Wang. A Study on the Role of Government Audit in Promoting the Growth of Central Enterprises. J. Finance Account. 2018, 6(5), 127-133. doi: 10.11648/j.jfa.20180605.14

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AMA Style

Qiu Xia, Ke Gao, Kai Wang. A Study on the Role of Government Audit in Promoting the Growth of Central Enterprises. J Finance Account. 2018;6(5):127-133. doi: 10.11648/j.jfa.20180605.14

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@article{10.11648/j.jfa.20180605.14,
  author = {Qiu Xia and Ke Gao and Kai Wang},
  title = {A Study on the Role of Government Audit in Promoting the Growth of Central Enterprises},
  journal = {Journal of Finance and Accounting},
  volume = {6},
  number = {5},
  pages = {127-133},
  doi = {10.11648/j.jfa.20180605.14},
  url = {https://doi.org/10.11648/j.jfa.20180605.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20180605.14},
  abstract = {As the pillar of state-owned economy, the central enterprises undertake social responsibilities and political tasks different from other enterprises. In recent years, government audit organs have found through auditing that many problems existed in financial management and accounting, operating management, and the implementation of the spirit of the Eight Rules of Central Committee of the CPC and regulations on honest work in central enterprises. Therefore, consummating audit of central enterprises and strengthening supervision over state-owned enterprises and assets are of great importance to promoting central enterprises to deepen reforms, improve operating management, regulate the exercise of power, and enhance the quality and performance of development. Yet defining the role of government audit in the growth of central enterprises is a major prerequisite to complete audit of central enterprises. Through the study of historical changes of Chinese audit environment and present problems analyzing the government audit’s role, character evolution, the results can be drawn that the roles of government audit in promoting the development of the central enterprises are as follows: the supervisor of legal compliance, the discoverer of the problems and risks, and the role of promoting the central enterprises to perfect internal control, implement major national policy decisions. On that basis, some suggestions on how to play the above-mentioned roles are given.},
 year = {2018}
}

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TY  - JOUR
T1  - A Study on the Role of Government Audit in Promoting the Growth of Central Enterprises
AU  - Qiu Xia
AU  - Ke Gao
AU  - Kai Wang
Y1  - 2018/12/06
PY  - 2018
N1  - https://doi.org/10.11648/j.jfa.20180605.14
DO  - 10.11648/j.jfa.20180605.14
T2  - Journal of Finance and Accounting
JF  - Journal of Finance and Accounting
JO  - Journal of Finance and Accounting
SP  - 127
EP  - 133
PB  - Science Publishing Group
SN  - 2330-7323
UR  - https://doi.org/10.11648/j.jfa.20180605.14
AB  - As the pillar of state-owned economy, the central enterprises undertake social responsibilities and political tasks different from other enterprises. In recent years, government audit organs have found through auditing that many problems existed in financial management and accounting, operating management, and the implementation of the spirit of the Eight Rules of Central Committee of the CPC and regulations on honest work in central enterprises. Therefore, consummating audit of central enterprises and strengthening supervision over state-owned enterprises and assets are of great importance to promoting central enterprises to deepen reforms, improve operating management, regulate the exercise of power, and enhance the quality and performance of development. Yet defining the role of government audit in the growth of central enterprises is a major prerequisite to complete audit of central enterprises. Through the study of historical changes of Chinese audit environment and present problems analyzing the government audit’s role, character evolution, the results can be drawn that the roles of government audit in promoting the development of the central enterprises are as follows: the supervisor of legal compliance, the discoverer of the problems and risks, and the role of promoting the central enterprises to perfect internal control, implement major national policy decisions. On that basis, some suggestions on how to play the above-mentioned roles are given.
VL  - 6
IS  - 5
ER  -

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Author Information

Qiu Xia

The School of Government, Central University of Finance and Economics, Beijing, P. R. China
Ke Gao

Development Research Center of Shandong Provincial People’s Government, Jinan, P. R. China
Kai Wang

Department of Computer Science, Peking University, Beijing, P. R. China

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APA Style

Qiu Xia, Ke Gao, Kai Wang. (2018). A Study on the Role of Government Audit in Promoting the Growth of Central Enterprises. Journal of Finance and Accounting, 6(5), 127-133. https://doi.org/10.11648/j.jfa.20180605.14

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ACS Style

Qiu Xia; Ke Gao; Kai Wang. A Study on the Role of Government Audit in Promoting the Growth of Central Enterprises. J. Finance Account. 2018, 6(5), 127-133. doi: 10.11648/j.jfa.20180605.14

Copy | Download

AMA Style

Qiu Xia, Ke Gao, Kai Wang. A Study on the Role of Government Audit in Promoting the Growth of Central Enterprises. J Finance Account. 2018;6(5):127-133. doi: 10.11648/j.jfa.20180605.14

Copy | Download

@article{10.11648/j.jfa.20180605.14,
  author = {Qiu Xia and Ke Gao and Kai Wang},
  title = {A Study on the Role of Government Audit in Promoting the Growth of Central Enterprises},
  journal = {Journal of Finance and Accounting},
  volume = {6},
  number = {5},
  pages = {127-133},
  doi = {10.11648/j.jfa.20180605.14},
  url = {https://doi.org/10.11648/j.jfa.20180605.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20180605.14},
  abstract = {As the pillar of state-owned economy, the central enterprises undertake social responsibilities and political tasks different from other enterprises. In recent years, government audit organs have found through auditing that many problems existed in financial management and accounting, operating management, and the implementation of the spirit of the Eight Rules of Central Committee of the CPC and regulations on honest work in central enterprises. Therefore, consummating audit of central enterprises and strengthening supervision over state-owned enterprises and assets are of great importance to promoting central enterprises to deepen reforms, improve operating management, regulate the exercise of power, and enhance the quality and performance of development. Yet defining the role of government audit in the growth of central enterprises is a major prerequisite to complete audit of central enterprises. Through the study of historical changes of Chinese audit environment and present problems analyzing the government audit’s role, character evolution, the results can be drawn that the roles of government audit in promoting the development of the central enterprises are as follows: the supervisor of legal compliance, the discoverer of the problems and risks, and the role of promoting the central enterprises to perfect internal control, implement major national policy decisions. On that basis, some suggestions on how to play the above-mentioned roles are given.},
 year = {2018}
}

Copy | Download

TY  - JOUR
T1  - A Study on the Role of Government Audit in Promoting the Growth of Central Enterprises
AU  - Qiu Xia
AU  - Ke Gao
AU  - Kai Wang
Y1  - 2018/12/06
PY  - 2018
N1  - https://doi.org/10.11648/j.jfa.20180605.14
DO  - 10.11648/j.jfa.20180605.14
T2  - Journal of Finance and Accounting
JF  - Journal of Finance and Accounting
JO  - Journal of Finance and Accounting
SP  - 127
EP  - 133
PB  - Science Publishing Group
SN  - 2330-7323
UR  - https://doi.org/10.11648/j.jfa.20180605.14
AB  - As the pillar of state-owned economy, the central enterprises undertake social responsibilities and political tasks different from other enterprises. In recent years, government audit organs have found through auditing that many problems existed in financial management and accounting, operating management, and the implementation of the spirit of the Eight Rules of Central Committee of the CPC and regulations on honest work in central enterprises. Therefore, consummating audit of central enterprises and strengthening supervision over state-owned enterprises and assets are of great importance to promoting central enterprises to deepen reforms, improve operating management, regulate the exercise of power, and enhance the quality and performance of development. Yet defining the role of government audit in the growth of central enterprises is a major prerequisite to complete audit of central enterprises. Through the study of historical changes of Chinese audit environment and present problems analyzing the government audit’s role, character evolution, the results can be drawn that the roles of government audit in promoting the development of the central enterprises are as follows: the supervisor of legal compliance, the discoverer of the problems and risks, and the role of promoting the central enterprises to perfect internal control, implement major national policy decisions. On that basis, some suggestions on how to play the above-mentioned roles are given.
VL  - 6
IS  - 5
ER  -

Copy | Download